April is right around the corner, which means it’s almost time to celebrate National Credit Union Youth Month and National Financial Literacy Month. While credit unions take financial education seriously all year long, April provides us with even more opportunities to work with our members and community partners to promote financial wellness.

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As part of your League membership, Maine credit unions have access to CUAnalyzer, Callahan & Associates powerful analytics and benchmarking tool that helps you examine performance trends. We are excited to announce that soon you’ll have access to a modern, user-friendly platform known as Peer Suite.

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Krista Simonis, the League’s Director of Governmental Affairs, highlights why credit union advocacy and relationship building is important for achieving our policy priorities in Augusta and Washington, DC.

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With winter storms and a myriad of events taking place this time of year, its easy to forget to register for networking opportunities. But the Global Women’s Leadership Network event that is happening next week is one you won’t want to miss! There’s still time to sign up and join the Maine Sister Society at their workshop in Auburn on March 23 from 1:30 pm – 4:00 pm.

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Awards season is in full swing. We aren’t talking about the Oscars or the Grammys. We are referencing all the fantastic opportunities credit union employees have to recognize their peers and their credit union’s unique social responsibility accomplishments at the League’s Annual Convention in May.

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WABI TV provided coverage of last week’s Financial Fitness Fair at the Hancock County Technical School. The Fair was hosted by the Bangor Chapter of Credit Unions. Nearly 300 students participated in this hands-on learning event. 

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Despite the chilly weather, the team at Midcoast FCU turned up the heat to help their neighbors in need in Freeport. The credit union participated in Freeport Community Services’ Freeze Out 2023. The annual event, now in its 18th year, raises funds for the organization’s home heating assistance fund and collects food for its pantry programs.

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Buying a home can be exhilarating and liberating. For many, it signifies the realization of the American dream. This edition of the Financial Literacy Blog explores five things people should ask themselves before purchasing a home.

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Following a successful trip to Washington, DC, for the CUNA GAC, the League’s Governmental Affairs team spent time in Augusta advocating on behalf of Maine’s credit unions. The League testified on two different bills—LD 676 and LD 752. To wrap up the week, the Governmental Affairs team was in Bangor on Thursday evening to host a Legislator Meet and Greet.

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PeoplesChoice CU is charging its way toward ending hunger! The credit union just launched a new fundraising initiative that helps the environment while also benefiting Maine Credit Unions’ Campaign for Ending Hunger.

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With the League’s 85^th Annual Convention right around the corner, we are getting closer to recognizing our wonderful credit union peers through our awards program. It’s not too late to nominate someone you think is exceptional, but the deadline is fast approaching. Hear from a past winner and nominator on why the awards experience is worthwhile!

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Topics in this week’s InfoSight newsletter include:

• Cyber Incident Notification Requirements for Federally Insured Credit Unions
• CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, Student, and Auto Loans
• Registration Open for NCUA Loan Risk Webinar
• CFPB and NLRB Announce Information Sharing Agreement to Protect American Consumers and Workers from Illegal Practices

InfoSight is free to League CU employees as a benefit to membership and provides state and federal compliance and operations resources.

COMPLIANCE REMINDER: The monthly League Fraud and Compliance call with credit unions is taking place on March 15. Register online to attend.

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